Napa Wealth Management Buys 10,118 Shares of Global X Variable Rate Preferred ETF (NYSEARCA:PFFV)

Napa Wealth Management lifted its position in Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) by 35.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,758 shares of the company’s stock after acquiring an additional 10,118 shares during the quarter. Napa Wealth Management owned approximately 0.37% of Global X Variable Rate Preferred ETF worth $932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Leslie Global Wealth LLC grew its position in Global X Variable Rate Preferred ETF by 6.6% in the 3rd quarter. Leslie Global Wealth LLC now owns 202,006 shares of the company’s stock worth $4,858,000 after purchasing an additional 12,559 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Global X Variable Rate Preferred ETF in the 2nd quarter worth approximately $212,000. Ausdal Financial Partners Inc. grew its holdings in shares of Global X Variable Rate Preferred ETF by 5.1% in the second quarter. Ausdal Financial Partners Inc. now owns 54,677 shares of the company’s stock valued at $1,293,000 after acquiring an additional 2,640 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Global X Variable Rate Preferred ETF during the first quarter valued at approximately $242,000. Finally, Truist Financial Corp lifted its holdings in Global X Variable Rate Preferred ETF by 11.1% during the second quarter. Truist Financial Corp now owns 54,303 shares of the company’s stock worth $1,284,000 after acquiring an additional 5,426 shares during the period.

Global X Variable Rate Preferred ETF Stock Performance

Shares of NYSEARCA:PFFV opened at $24.02 on Monday. Global X Variable Rate Preferred ETF has a 1 year low of $22.67 and a 1 year high of $24.48. The business has a fifty day moving average price of $24.09 and a two-hundred day moving average price of $23.82.

About Global X Variable Rate Preferred ETF

The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.